I. price trend

According to the data in the business club’s large list, as of October 28, the market price of propylene oxide fell, with an average price of 9966.67 yuan / ton, down 0.33% compared with that on October 25, and the mainstream price of propylene oxide in China was 9800-10200 yuan / ton on October 28.

II. Analysis of influencing factors

Product: the market price of propylene oxide fell on the 28th. At present, the inventory pressure of propylene oxide plant is not large, the purchasing enthusiasm of downstream polyether is general, and the market supply and demand are basically balanced. On December 28, the cash delivery price in Shandong mainstream market of Wanhua chemical was 9900 yuan / ton, and that in East China mainstream market was 10200 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 9900 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in Shandong is around 9650 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in South China is around 9700 yuan / ton, which is delivered by cash.

Industrial chain: on the 28th, the market price of the upstream propylene in Shandong remained stable. At present, the market turnover is about 7350-7550 yuan / ton, and the mainstream price is 7350 yuan / ton. Now the crude oil market continues to improve, driving up the propylene market price. There is temporary shutdown of upstream units, and the starting load of some downstream units is increased, and the market supply is tight. Although the price was stable on the 28th, it is expected that the market price of propylene may still have room to rise in recent days. 28 lower polyether market horizontal consolidation wait-and-see. On the 28th, the downstream n-propanol kept stable operation.

3. Future forecast:

According to the propylene oxide analyst of the business club, the upstream raw material price continues to be high, which is a good support for the cost of propylene oxide. However, the overall demand in the downstream is limited, and the users purchase on demand, so the confidence in the site is insufficient. It is expected that the short-term propylene oxide market will be dominated by weak consolidation, and more attention should be paid to the upstream and downstream mainstream market.